Standard Bank launches deposit-taking ATMs

Standard Bank Malawi has launched deposit-taking automated teller machines (ATMs) in the country.
The bank’s head of marketing Thokozani Unyolo said the launch of deposit-taking ATMs is in line with the bank’s continued improvements in digital banking capabilities in response to increasing customer preferences.
“Provision of innovative solutions has become the new world order in banking.

In recent years, Standard Bank has been tuning up its technology-based services with a view to providing convenience for customers.
“Introduction of deposit-taking ATMs is one of the innovations that the bank is bringing in 2015 as we seek to take over the digital banking space and move our customers forward,” she said.
Unyolo said the new service is available at existing ATM points across 11 strategic branches of the bank in Malawi.
Customers are required to use their personal ATM cards to interact with deposit-enabled ATMs.
“With deposit-taking ATMs, we are giving our customers the opportunity to transact at anytime without worrying about day banking hours or queuing for a teller.
The service is easy, fast and secured by our recently refurbished ATM cubicles,” she said.